Form 8-K
8-K — TRANSCAT INC
Accession: 0001628280-26-052553
Filed: 2026-08-04
Period: 2026-08-04
CIK: 0000099302
SIC: 3825 (INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — trns-20260804.htm (Primary)
EX-99.1 (trns-20260804xex991.htm)
EX-99.2 (trnsq1fy27presentationfi.htm)
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8-K
8-K (Primary)
Filename: trns-20260804.htm · Sequence: 1
trns-20260804
FALSE000009930200000993022026-08-042026-08-04
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 4, 2026
Transcat, Inc.
(Exact name of registrant as specified in its charter)
Ohio 000-03905 16-0874418
(State or other jurisdiction
of incorporation) (Commission
File Number) (IRS Employer
Identification No.)
35 Vantage Point Drive, Rochester, New York
14624
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(585) 352-7777
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.50 par value TRNS Nasdaq Global Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02Results of Operations and Financial Condition.
On August 4, 2026, Transcat, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal year 2027 first quarter ended June 27, 2026. The press release is attached to this Form 8-K as Exhibit 99.1.
In addition, on August 4, 2026, the Company posted slides to the Investor Relations section of its website that will accompany the Company’s earnings conference call and webcast at 4:30 p.m. Eastern Time today. The slides are attached to this Form 8-K as Exhibit 99.2.
The information furnished pursuant to this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under such section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1
Transcat, Inc. Press Release dated August 4, 2026
99.2
Slides for the August 4, 2026 Earnings Conference Call and Webcast
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRANSCAT, INC.
Dated: August 4, 2026 By: /s/ Thomas L. Barbato
Thomas L. Barbato
Senior Vice President of Finance and Chief Financial Officer
EX-99.1
EX-99.1
Filename: trns-20260804xex991.htm · Sequence: 2
Document
Exhibit 99.1
NEWS
RELEASE
Transcat, Inc. 35 Vantage Point Drive • Rochester • NY • 14624 • Phone: (585) 352-7777
Transcat Reports Strong Fiscal First Quarter 2027 Financial Results with Double-Digit
Service Organic Revenue* Growth and Service Gross Margin Expansion
•Q1’27 Revenue Increased 22% to $92.9 Million
•Q1’27 Service Revenue Increased 27% to $62.6 Million
•Q1 '27 Service Gross Margin Expanded 90 Basis Points to 33.9%
•Q1’27 Distribution Revenue Grew 11% to $30.4 Million on Strong Demand for Rentals
•Management to Host Conference Call Today at 4:30 p.m. Eastern Time
ROCHESTER, NY, August 4, 2026 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leader in test measurement, control and calibration, has reported its financial and operational results for its fiscal first quarter ended June 27, 2026 (the “first quarter”) of fiscal year 2027.
Management Commentary
First 100 Days
"Prior to discussing our strong financial performance, I want to share my observations and take aways after my first full quarter as CEO of Transcat,” said Jaime Irick, President and CEO. "Over the past hundred days, I have engaged with and learned from our customers, strategic partners, and Transcat teammates across our technology labs, field operations, and sales organization. I have also conducted extensive reviews of Transcat’s end-to-end operations across North America, Central America, and Ireland; spent time with the analyst and investment community; and held in-depth discussions, both individually and collectively, with our Board of Directors. These firsthand experiences have only strengthened my appreciation for Transcat’s leadership, the dedication of our employees, and the lasting customer and strategic partnerships we have built over more than 60 years of industry leadership.
“Our first quarter results, together with the insights gained during my first 100 days, reinforce my conviction that we have clear, measurable opportunities to build on our industry-leading organic and inorganic growth. Just as importantly, they underscore our opportunity to become as recognized for operational excellence as we have historically been for growth. This journey will take time and disciplined execution. By relentlessly improving our customer-facing business processes, deploying proven Lean operating principles, optimizing business mix and pricing, and applying AI to enhance productivity and customer solutions, we can activate repeatable levers to expand margins and strengthen the foundation for continued growth. As we move forward, we will build an even stronger Transcat by growing the business, improving how we operate, and energizing our teammates.
Continued Strong Financial Performance
"The fiscal first quarter of 2027 showcased another sequential quarter of strong financial performance as strength in the Calibration business drove double-digit Service revenue growth, double-digit Service organic revenue* growth and Service gross margin expansion. The inherent operating leverage in our Service model, along with our focus on operational excellence and maturing of new customer relationships, drove 90bps of Service gross margin expansion. Distribution revenue grew 11% during the quarter, fueled by continued
strength in Rentals and Product sales. Revenue momentum combined with productivity gains enabled a 19% increase in adjusted EBITDA*. Given our strong organic growth, operational excellence, and strategic acquisitions, we believe Transcat continues to gain market share in the calibration services market.
“Looking ahead, we remain optimistic about the Service segment’s momentum, supported by high customer retention, conversion of new business wins into revenue, and continued strong demand in life sciences, aerospace and defense, and the other regulated end markets we serve. The recent acquisition of SCM is progressing well and we are excited about the opportunity that exists in Central America. For the fiscal 2027 full year, we confidently expect Service organic revenue growth in the high single-digits and Service gross margin expansion, assuming the broader economic environment remains stable.
“Fiscal first quarter financial results are a testament to the execution of our proven and successful core strategy: strong service organic revenue growth, service gross margin expansion, strategic M&A, and steady rentals growth. We believe our compelling customer value proposition and focus on operational excellence, along with continued acquisitions of premier calibration service companies, positions Transcat to deliver sustainable, long-term shareholder value," concluded Mr. Irick.
*See Note 1 on page 4 for a description of the non-GAAP financial measures and pages 10-14 for the reconciliation tables.
First Quarter Fiscal 2027 Results
(Results are compared with the first quarter of the fiscal year ended June 28, 2025 (“fiscal 2026”))
($ in thousands) Change
FY27 Q1 FY26 Q1 $ %
Service Revenue $ 62,559 $ 49,144 $ 13,415 27.3 %
Distribution Revenue 30,386 27,280 3,106 11.4 %
Revenue $ 92,945 $ 76,424 $ 16,521 21.6 %
Gross Profit $ 30,734 $ 25,821 $ 4,913 19.0 %
Gross Margin 33.1 % 33.8 %
Operating Income $ 3,719 $ 5,338 $ (1,620) (30.3) %
Operating Margin 4.0 % 7.0 %
Net Income $ 1,331 $ 3,261 $ (1,931) (59.2) %
Net Margin 1.4 % 4.3 %
Adjusted Net Income* $ 4,852 $ 5,524 $ (672) (12.2) %
Adjusted Net Margin* 5.2 % 7.2 %
Adjusted EBITDA* $ 13,956 $ 11,768 $ 2,188 18.6 %
Adjusted EBITDA* Margin 15.0 % 15.4 %
Diluted EPS $ 0.14 $ 0.35 $ (0.21) (59.9) %
Adjusted Diluted EPS* $ 0.51 $ 0.59 $ (0.08) (13.6) %
Consolidated revenue was $92.9 million, an increase of $16.5 million or 21.6%, driven by growth in both service and distribution segments. Consolidated gross profit was $30.7 million, an increase of $4.9 million, or 19.0%, while gross margin decreased 70bps when compared to the prior year period.
Operating expenses were $27.0 million, an increase of $6.5 million, or 31.9%, driven by incremental expenses from acquired businesses, including intangible assets amortization expense, increased stock-based compensation expense, and executive transition costs.
Net income was $1.3 million, and Adjusted EBITDA* was $14.0 million, which represented an increase of $2.2 million or 18.6%, primarily driven by strong revenue growth. Earnings per diluted share was $0.14 compared to earnings per diluted share of $0.35 last year. Adjusted Diluted Earnings Per Share* were $0.51 versus $0.59 last year.
*See Note 1 on page 4 for a description of these non-GAAP financial measures and pages 10-14 for the reconciliation tables.
Service Segment First Quarter Results
Represents the accredited calibration, repair, inspection and laboratory instrument services business (67.3% of total revenue for the first quarter of fiscal 2027).
($ in thousands) Change
FY27 Q1 FY26 Q1 $ %
Service Segment Revenue $ 62,559 $ 49,144 $ 13,415 27.3 %
Gross Profit $ 21,178 $ 16,209 $ 4,969 30.7 %
Gross Margin 33.9 % 33.0 %
Operating (Loss) Income $ 2,280 $ 2,566 $ (286) (11.1) %
Operating Margin 3.6 % 5.2 %
Adjusted Operating Income* $ 9,629 $ 7,158 $ 2,471 34.5 %
Adjusted Operating Margin* 15.4 % 14.6 %
* See Note 1 on page 4 for a description of this non-GAAP financial measure and pages 10-14 for the reconciliation tables.
Service segment revenue was $62.6 million, an increase of $13.4 million, or 27.3%, and included $6.9 million of incremental revenue from acquisitions. The segment gross margin was 33.9%, an increase of 90bps from the prior year.
Distribution Segment First Quarter Results
Represents the sale and rental of new and used professional grade handheld test, measurement and control instrumentation (32.7% of total revenue for the first quarter of fiscal 2027).
($ in thousands) Change
FY27 Q1 FY26 Q1 $ %
Distribution Segment Revenue $ 30,386 $ 27,280 $ 3,106 11.4 %
Gross Profit $ 9,556 $ 9,612 $ (56) (0.6 %)
Gross Margin 31.4 % 35.2 %
Operating Income $ 1,439 $ 2,772 $ (1,333) (48.1 %)
Operating Margin 4.7 % 10.2 %
Adjusted Operating Income* $ 4,346 $ 4,943 $ (597) (12.1 %)
Adjusted Operating Margin* 14.3 % 18.1 %
*See Note 1 on page 4 for a description of this non-GAAP financial measure and pages 10-14 for the reconciliation tables.
Distribution segment revenue was $30.4 million, which represented an increase of $3.1 million, or 11.4%. Distribution segment gross margin was 31.4%, a decrease of 380 bps. The revenue increase was driven by continued strength in rentals and product sales. The revenue mix in the current quarter compared to the prior year quarter resulted in a decrease in gross margin.
Balance Sheet and Cash Flow Overview
On June 27, 2026, the Company had $6.7 million in cash and cash equivalents on hand and $39.6 million available for borrowing, subject to covenant restrictions, under its secured revolving credit facility. Net cash provided by operations for the three months ended June 27, 2026 and June 28, 2025 was $8.8 million and $3.6 million, respectively. Operating free cash flow* for the three months ended June 27, 2026 was $4.8 million.
Total long-term debt as of June 27, 2026 was $110.4 million versus $99.9 million on March 28, 2026.
Tom Barbato, Transcat’s Chief Financial Officer, added, “Net income decreased $1.9 million, in line with expectations and influenced by higher levels of deal-related amortization and stock compensation expense. That said, Adjusted EBITDA* grew 19%, and we believe it is a better indicator of our ability to generate cash. The result was a year-over-year increase in operating free cash flow of $5.8 million. Given increased levels of cash generation, our strong balance sheet and proven strategic execution, we believe we remain well-positioned to pursue opportunities for growth through both organic initiatives and strategic M&A.”
*See Note 1 on page 4 for a description of the non-GAAP financial measures and pages 10-14 for the reconciliation tables.
Fiscal First Quarter 2027 Results Webcast and Conference Call
Transcat will host a conference call and webcast on Tuesday, August 4, 2026, at 4:30 p.m. ET. Management will review the financial and operating results for the first quarter, as well as the Company’s strategy and outlook. A question-and-answer session will follow the formal discussion. The review will be accompanied by a slide presentation, which will be available at www.transcat.com/investor-relations. The conference call can be accessed by calling (833) 419-0865. Alternatively, the webcast can be monitored at www.transcat.com/investor-relations.
Tuesday, August 4, 2026
4:30 p.m. Eastern Time
Dial-in – Toll-Free US / Canada: 1-833-419-0865
Dial-in – Toll / International: 1-785-838-9333
Conference ID: TRANSCAT (THIS CONFERENCE ID WILL BE REQUIRED FOR ENTRY)
Webcast and accompanying slide presentation:
https://viavid.webcasts.com/starthere.jsp?ei=1767397&tp_key=17aef9c35b
A telephonic replay will be available from 8:30 p.m. ET on the day of the conference call through Tuesday, August 18, 2026. To listen to the archived call, dial 1-844-512-2921 from the US or Canada, or 1-412-317-6671 from international locations, and enter conference ID number 11161995 or access the webcast replay at https://www.transcat.com/investor-relations, where a transcript will be posted once available.
NOTE 1 – Non-GAAP Financial Measures
In addition to reporting service revenue, net income, operating income, diluted earnings per share, net cash provided by operating activities, and long-term debt, which are U.S. generally accepted accounting principle ("GAAP") measures, we present service organic revenue, adjusted net income, adjusted EBITDA, adjusted operating income, adjusted diluted earnings per share, operating free cash flow and net debt, which are non-GAAP measures. Management uses these non-GAAP measures as indicators to better assess comparability between periods and as a basis for planning and forecasting because management believes these non-GAAP measures reflect our core business operations. These non-GAAP measures are not calculated through the application of U.S. GAAP and are not required forms of disclosure by the SEC. As such, they should not be considered a substitute for the corresponding GAAP measures and, therefore, they should not be used in isolation, but in conjunction with the GAAP measures. The use of any non-GAAP measure may produce results that vary from the GAAP measure and may not be comparable to a similarly defined non-GAAP measure used by other companies. See pages 10-14 for the reconciliation tables.
About Transcat
Transcat, Inc. is a leading provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, Computerized Maintenance Management System (CMMS), and pipette services. The Company is focused on providing best-in-class services and products to highly regulated industries, particularly the life sciences industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses, as well as aerospace and defense, and energy and utilities. Transcat provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its Calibration Service Centers strategically located across the United States and Internationally. In addition, Transcat operates calibration labs in imbedded customer-site locations. The breadth and depth of measurement parameters addressed by Transcat’s ISO/IEC 17025 scopes of accreditation are believed to be the best in the industry.
Transcat also operates as a leading value-added distributor that markets, sells and rents new and used national and proprietary brand instruments to customers primarily in North America. The Company believes its combined Service and Distribution segment offerings, experience, technical expertise, and integrity create a unique and compelling value proposition for its customers.
Transcat’s strategy is to leverage its strong brand and unique value proposition that includes its comprehensive instrument service capabilities, Cost, Control and Optimizations services, and leading distribution platform to drive organic sales growth. The Company will also look to expand its addressable calibration market through acquisitions and capability investments to further realize the inherent leverage of its business model. More information about Transcat can be found at Transcat.com
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact and thus are subject to risks, uncertainties and assumptions. Forward-looking statements relate to expectations, estimates, beliefs, assumptions and predictions of future events and are identified by words such as “anticipate,” “assuming,” “believe,” “can,” “continue,” “estimate,” “expect,” “focus,” “looking ahead,” “may,” “plan,” “opportunity,” “outlook,” “potential,” “strategy,” “will,” and other similar words. All statements addressing operating performance, events or developments that Transcat expects or anticipates will occur in the future, including but not limited to statements relating to anticipated revenue, profit margins, sales operations, capital expenditures, cash flows, operating income, growth strategy, segment growth, potential acquisitions, integration of acquired businesses, market position, customer preferences, outlook and changes in market conditions in the industries in which Transcat operates are forward-looking statements. Forward-looking statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include those more fully described in Transcat’s Annual Report and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements, which speak only as of the date they are made. Except as required by law, the Company disclaims any obligation to update, correct or publicly announce any revisions to any of the forward-looking statements contained in this news release, whether as the result of new information, future events or otherwise.
Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
Phone: (949) 491-8235
TRNS@mzgroup.us
www.mzgroup.us
FINANCIAL TABLES FOLLOW.
TRANSCAT, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In Thousands, Except Per Share Amounts)
Three Months Ended
June 27,
2026 June 28,
2025
Service Revenue $ 62,559 $ 49,144
Distribution Revenue 30,386 27,280
Total Revenue 92,945 76,424
Cost of Service Revenue 41,381 32,935
Cost of Distribution Revenue 20,830 17,668
Total Cost of Revenue 62,211 50,603
Gross Profit 30,734 25,821
Selling, Marketing and Warehouse Expenses 11,374 9,515
General and Administrative Expenses 15,641 10,968
Total Operating Expenses 27,015 20,483
Operating Income 3,719 5,338
Interest Expense 1,518 451
Interest Income (3) (11)
Other Expense 19 333
Total Interest and Other Expense, net 1,534 773
Income Before Provision for Income Taxes 2,185 4,565
Provision for Income Taxes 854 1,304
Net Income $ 1,331 $ 3,261
Basic Earnings Per Share $ 0.14 $ 0.35
Basic Average Shares Outstanding 9,353 9,317
Diluted Earnings Per Share $ 0.14 $ 0.35
Diluted Average Shares Outstanding 9,473 9,389
TRANSCAT, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In Thousands, Except Share and Per Share Amounts)
June 27,
2026 March 28,
2026
ASSETS
Current Assets:
Cash and Cash Equivalents $ 6,709 $ 4,942
Accounts Receivable, less allowance for credit losses of $936 and $851 as of June 27, 2026 and March 28, 2026, respectively 66,748 65,170
Other Receivables 727 672
Inventory 14,777 13,705
Prepaid Expenses and Other Current Assets 6,773 7,973
Total Current Assets 95,734 92,462
Property and Equipment, net 58,368 57,801
Goodwill 226,808 218,185
Intangible Assets, net 78,194 77,706
Right to Use Assets 31,801 32,365
Other Assets 1,723 1,968
Total Assets $ 492,628 $ 480,487
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts Payable $ 20,302 $ 17,931
Accrued Compensation and Other Current Liabilities 18,115 21,697
Total Current Liabilities 38,417 39,628
Long-Term Debt 110,385 99,885
Deferred Tax Liabilities, net 11,361 10,167
Lease Liabilities 28,391 29,000
Other Liabilities 1,175 1,188
Total Liabilities 189,729 179,868
Commitments and Contingencies (Note 6)
Shareholders' Equity:
Common Stock, par value $0.50 per share, 30,000,000 shares authorized; 9,359,263 and 9,333,953 shares issued and outstanding as of June 27, 2026 and March 28, 2026, respectively 4,680 4,670
Capital in Excess of Par Value 200,629 199,115
Accumulated Other Comprehensive Loss (1,258) (923)
Retained Earnings 98,848 97,757
Total Shareholders' Equity 302,899 300,619
Total Liabilities and Shareholders' Equity $ 492,628 $ 480,487
TRANSCAT, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In Thousands)
Three Months Ended
June 27,
2026 June 28,
2025
Cash Flows from Operating Activities:
Net Income $ 1,331 $ 3,261
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Loss on Disposal of Property and Equipment 45 54
Noncash Lease Expense 1,599 915
Deferred Income Taxes 2 24
Depreciation and Amortization 6,959 5,605
Amortization of Deferred Financing Costs 38 -
Provision for Accounts Receivable and Inventory Reserves 115 118
Stock-Based Compensation Expense 1,978 1,130
Changes in Assets and Liabilities, net of acquisitions:
Accounts Receivable and Other Receivables (1,264) (1,214)
Inventory 407 (745)
Prepaid Expenses and Other Current Assets 1,537 1,737
Accounts Payable 1,790 (3,300)
Accrued Compensation and Other Current Liabilities (4,152) (3,423)
Lease Liabilities (1,567) (915)
Income Taxes Payable - 376
Net Cash Provided by Operating Activities 8,817 3,623
Cash Flows from Investing Activities:
Purchase of Property and Equipment (3,982) (4,598)
Business Acquisitions, net of cash acquired (12,808) -
Net Cash Used in Investing Activities (16,790) (4,598)
Cash Flows from Financing Activities:
Proceeds From Revolving Credit Facility, net of lender fees 20,835 31,690
Repayment of Revolving Credit Facility (10,335) (29,399)
Repayments of Term Loan - (602)
Issuance of Common Stock, net of direct costs 1,161 257
Repayment of Financing Leases (84) -
Repurchase of Common Stock (1,855) -
Net Cash Provided by Financing Activities 9,722 1,946
Effect of Exchange Rate Changes on Cash and Cash Equivalents 18 (627)
Net Increase in Cash and Cash Equivalents 1,767 344
Cash and Cash Equivalents at Beginning of Period 4,942 1,517
Cash and Cash Equivalents at End of Period $ 6,709 $ 1,861
TRANSCAT, INC.
Adjusted EBITDA Reconciliation Table
(In thousands)
(Unaudited)
Fiscal 2027
Q1 Q2 Q3 Q4 YTD
Net Income $ 1,331 $ - $ - $ - $ 1,331
Interest Expense, Net 1,515 - - - 1,515
Tax Provision 854 - - - 854
Depreciation & Amortization 6,914 - - - 6,914
Executive Transition Costs (1)
736 - - - 736
Transaction Expenses (2)
628 - - - 628
Non-cash Stock Compensation 1,978 - - - 1,978
Adjusted EBITDA* $ 13,956 $ - $ - $ - $ 13,956
Adjusted EBITDA Margin #
15.0 % 15.0 %
Fiscal 2026
Q1 Q2 Q3 Q4 YTD
Net Income (Loss) $ 3,261 $ 1,269 $ (1,101) $ 1,947 $ 5,376
Interest Expense, Net 440 1,264 1,500 1,375 4,579
Tax Provision 1,304 760 (338) 887 2,613
Depreciation & Amortization 5,605 6,487 7,130 6,950 26,172
Executive Transition Costs (1)
- - 771 935 1,706
Transaction Expenses (2)
28 496 45 175 744
Non-cash Stock Compensation 1,130 1,839 2,061 2,519 7,549
Adjusted EBITDA* $ 11,768 $ 12,115 $ 10,068 $ 14,788 $ 48,739
Adjusted EBITDA Margin #
15.4 % 14.7 % 12.0 % 16.6 % 14.7 %
*See Note 1 on page 4 for a description of the non-GAAP financial measures.
# Calculated by dividing Adjusted EBITDA* by Revenue.
(1) Costs incurred in connection with the CEO transition plan.
(2) Expenses incurred in connection with acquisitions.
TRANSCAT, INC.
Operating Income Reconciliation Table
(In thousands)
(Unaudited)
Fiscal 2027
Segment Breakdown Q1 Q2 Q3 Q4 YTD
Service Operating Income $ 2,280 $ - $ - - 2,280
Depreciation & Amortization 5,006 - - - 5,006
Executive Transition Costs (1)
491 - - - 491
Transaction Expenses (2)
524 - - - 524
Non-cash Stock Compensation 1,328 - - - 1,328
Service Adjusted Operating Income* $ 9,629 $ - $ - $ - $ 9,629
Distribution Operating Income $ 1,439 $ - $ - - 1,439
Depreciation & Amortization 1,908 - - - 1,908
Executive Transition Costs (1)
245 - - - 245
Transaction Expenses (2)
104 - - - 104
Non-cash Stock Compensation 650 - - - 650
Distribution Adjusted Operating Income* $ 4,346 $ - $ - $ - $ 4,346
Fiscal 2026
Segment Breakdown Q1 Q2 Q3 Q4 YTD
Service Operating Income (Loss) $ 2,566 $ 920 $ (2,052) $ 3,508 $ 4,942
Depreciation & Amortization
3,763 4,562 5,175 5,143 18,643
Executive Transition Costs (1)
- - 519 630 1,149
Transaction Expenses (2)
28 496 45 175 744
Non-cash Stock Compensation
801 1,301 1,459 1,746 5,307
Service Adjusted Operating Income* $ 7,158 $ 7,279 $ 5,146 $ 11,202 $ 30,785
Distribution Operating Income $ 2,772 $ 2,585 $ 2,140 $ 824 $ 8,321
Depreciation & Amortization
1,842 1,925 1,955 1,807 7,529
Executive Transition Costs (1)
- - 252 305 557
Transaction Expenses (2)
- - - - -
Non-cash Stock Compensation
329 538 602 773 2,242
Distribution Adjusted Operating Income* $ 4,943 $ 5,048 $ 4,949 $ 3,709 $ 18,649
*See Note 1 on page 4 for a description of the non-GAAP financial measures.
(1) Costs incurred in connection with the CEO transition plan.
(2) Expenses incurred in connection with acquisitions.
TRANSCAT, INC.
Adjusted Net Income and Diluted EPS Reconciliation Table
(In Thousands, Except Per Share Amounts)
(Unaudited)
Fiscal 2027
Q1 Q2 Q3 Q4 YTD
Net Income $ 1,331 $ - $ - $ - $ 1,331
Amortization Expense 3,598 - - - 3,598
Executive Transition Costs (1)
736 - - - 736
Transaction Expenses (2)
628 - - - 628
Acquisition Stock Expense (3)
186 - - - 186
Income Tax Effect @ 31.6% (1,627) - - - (1,627)
Adjusted Net Income* $ 4,852 $ - $ - $ - $ 4,852
Diluted Average Shares Outstanding 9,473 - - 9,473
Diluted Earnings Per Share $ 0.14 $ - $ - $ - $ 0.14
Amortization Expense 0.38 - - - 0.38
Executive Transition Costs (1)
0.08 - - - 0.08
Transaction Expenses (2)
0.07 - - - 0.07
Acquisition Stock Expense (3)
0.02 - - - 0.02
Income Tax Effect @ 31.6%
(0.17) - - - (0.17)
Adjusted Diluted Earnings Per Share* $ 0.51 - - - $ 0.51
Fiscal 2026
Q1 Q2 Q3 Q4 YTD
Net Income (Loss) $ 3,261 $ 1,269 $ (1,101) $ 1,947 $ 5,376
Amortization Expense 2,844 3,461 3,977 3,488 13,770
Executive Transition Costs (1)
- - 771 935 1,706
Transaction Expenses (2)
28 496 45 175 744
Acquisition Stock Expense (3)
145 226 291 290 952
Income Tax Effect @ 32% (754) (1,297) (1,601) (1,598) (5,251)
Adjusted Net Income* $ 5,524 $ 4,155 $ 2,382 $ 5,237 $ 17,297
Diluted Average Shares Outstanding 9,389 9,399 9,329 9,398 9,380
Diluted Earnings (Loss) Per Share $ 0.35 $ 0.14 $ (0.12) $ 0.21 $ 0.57
Amortization Expense 0.30 0.37 0.43 0.37 1.47
Executive Transition Costs (1)
- - 0.08 0.10 0.18
Transaction Expenses (2)
- 0.05 - 0.02 0.08
Acquisition Stock Expense (3)
0.02 0.02 0.03 0.03 0.10
Income Tax Effect @ 32% (0.08) (0.14) (0.17) (0.17) (0.56)
Adjusted Diluted Earnings Per Share* $ 0.59 $ 0.44 $ 0.26 $ 0.56 $ 1.84
*See Note 1 on page 4 for a description of the non-GAAP financial measures.
# Calculated by dividing Adjusted EBITDA* by Revenue.
(1) Costs incurred in connection with the CEO transition plan.
(2) Expenses incurred in connection with acquisitions.
(3) Stock compensation expense incurred that is related to grants to employees that were acquired with recent acquisitions.
TRANSCAT, INC.
Additional Information - Business Segment Data
(Dollars in thousands)
(Unaudited)
Change
SERVICE FY 2027 Q1 FY 2026 Q1 $ %
Service Revenue $ 62,559 $ 49,144 $ 13,415 27.3 %
Cost of Revenue 41,381 32,935 8,446 25.6 %
Gross Profit $ 21,178 $ 16,209 $ 4,969 30.7 %
Gross Margin 33.9 % 33.0 %
Selling, Marketing & Warehouse Expenses $ 7,599 $ 5,866 $ 1,733 29.5 %
General and Administrative Expenses 11,299 7,777 3,522 45.3 %
Operating Income $ 2,280 $ 2,566 $ (286) (11.1) %
% of Revenue 3.6 % 5.2 %
Change
DISTRIBUTION FY 2027 Q1 FY 2026 Q1 $ %
Distribution Revenue $ 30,386 $ 27,280 $ 3,106 11.4 %
Cost of Revenue 20,830 17,668 3,162 17.9 %
Gross Profit $ 9,556 $ 9,612 $ (57) (0.6 %)
Gross Margin 31.4 % 35.2 %
Selling, Marketing & Warehouse Expenses $ 3,775 $ 3,649 $ 126 3.4 %
General and Administrative Expenses 4,342 3,191 1,151 36.1 %
Operating Income $ 1,439 $ 2,772 $ (1,333) (48.1 %)
% of Revenue 4.7 % 10.2 %
Change
TOTAL FY 2027 Q1 FY 2026 Q1 $ %
Total Revenue $ 92,945 $ 76,424 $ 16,521 21.6 %
Total Cost of Revenue 62,211 50,603 11,608 22.9 %
Gross Profit $ 30,734 $ 25,821 $ 4,913 19.0 %
Gross Margin 33.1 % 33.8 %
Selling, Marketing & Warehouse Expenses $ 11,374 $ 9,515 $ 1,859 19.5 %
General and Administrative Expenses 15,641 10,968 4,673 42.6 %
Operating Income $ 3,719 $ 5,338 $ (1,620) (30.3) %
% of Revenue 4.0 % 7.0 %
TRANSCAT, INC.
Service Organic Revenue, Operating Free Cash Flow, and Net Debt
(Dollars in thousands)
(Unaudited)
Service Organic Revenue
First Quarter Ended
June 27, June 28, Change
2026 2025 $ %
Service Revenue $ 62,559 $ 49,144 $ 13,415 27 %
Less: Acquired Revenue (1)
(6,930) -
Less: Freight Billed to Customer (861) (603)
Service Organic Revenue * $ 54,768 $ 48,541 $ 6,227 13 %
(1) Defined as revenue generated by an acquired business for twelve months after the closing of an acquisition.
Operating Free Cash Flow
Three Months Ended
June 27, June 28,
2026 2025
Net cash provided by operations $ 8,817 $ 3,623
Capital Expenditures (3,982) (4,598)
Operating Free Cash Flow* $ 4,835 $ (975)
Net Debt
June 27, March 28,
2026 2026
Long-Term Debt $ 110,385 $ 99,885
Less: Cash and Cash Equivalents (6,709) (4,942)
Net Debt * $ 103,676 $ 94,943
*See Note 1 on page 4 for a description of the non-GAAP financial measures.
EX-99.2
EX-99.2
Filename: trnsq1fy27presentationfi.htm · Sequence: 3
trnsq1fy27presentationfi
1 Financial ResultsQ1 Fiscal 2027 Jaime A. Irick President and CEO Tom L. Barbato Chief Financial Officer NASDAQ: TRNS August 4, 2026 Exhibit 99.2
2 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than historical fact are forward-looking statements. Forward-looking statements are not statements of historical fact and thus are subject to risks, uncertainties and assumptions. Forward-looking statements are identified by words such as “will,” “expect,” “anticipate,” “believe,” “plan,” “outlook,” “continue,” and other similar expressions or variations thereof. All statements addressing operating performance, events or developments that Transcat expects or anticipates will occur in the future, including but not limited to statements relating to outlook, anticipated revenue, profit margins, sales operations, capital expenditures, cash flows, operating income, growth strategy, potential acquisitions, integration of acquired businesses, market position, customer preferences, and changes in market conditions in the industries in which Transcat operates are forward-looking statements. Forward-looking statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties include those more fully described in Transcat’s Annual Report and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements, which speak only as of the date they are made. Except as required by law, the Company disclaims any obligation to update, correct or publicly announce any revisions to any of the forward-looking statements contained in this news release, whether as the result of new information, future events or otherwise. This presentation includes some non-GAAP financial measures, which the Company believes are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. The Company has provided a discussion of these non- GAAP financial measures and reconciliations of comparable GAAP to non-GAAP measures in tables found in the Supplemental Information portion of this presentation. © 2026 Transcat Inc.
3 Q1 FY27 Summary Consolidated Results • Service Revenue increased 27% in Q1 to $62.6M • Service Organic Revenue* grew 13% in Q1 driven by continued strong demand in life sciences, aerospace/defense, and other regulated end markets we serve • Q1 Service Gross Profit grew 31% from prior year to $21.2M • Service Gross Margin expanded 90 bps to 33.9% in Q1 reflecting the inherent operating leverage in our Service model, along with focus on operational excellence and maturing of new customer relationships • Q1 Distribution Revenue grew 11% on continued strength in rentals and product sales • Q1 Distribution Gross Margin decreased to 31.4% due to revenue mix • Q1 Revenue grew 22% vs prior year to $92.9M • Q1 Net Income of $1.3M or $0.14 per diluted share • Adjusted EBITDA* increased 19% from prior year to $14.0M in Q1 • Adjusted Diluted EPS* of $0.51 Service Segment Distribution Segment *See supplemental slides for a description of these non-GAAP financial measures, Adjusted EBITDA, Adjusted Diluted EPS and Service Organic Revenue reconciliations and other important information regarding Adjusted EBITDA, Adjusted Diluted EPS and Service Organic Revenue.
4 Revenue • Consolidated Q1 revenue up 21.6%, with both segments delivering double-digit growth • Service revenue Q1 growth of 27.3%, including 13% Q1 service organic revenue* growth and incremental inorganic contribution from acquisitions • Distribution Q1 revenue growth of 11.4% on continued strength in rental and product demand ($ in millions) All figures are rounded to the nearest tenth of a million. Therefore, totals shown in graphs may not equal the sum of the segments. *See supplemental slides for a description of this non-GAAP financial measure, Service Organic Revenue reconciliations and other important information regarding Service Organic Revenue. $49.1 $62.6 Q1 FY26 Q1 FY27 Service Segment $27.3 $30.4 Q1 FY26 Q1 FY27 Distribution Segment $76.4 $92.9 Q1 FY26 Q1 FY27 Consolidated 22%11%27%
5 33.0% 33.9% $16.2 $21.2 Q1 FY26 Q1 FY27 Service Segment Gross Profit and Margin • Consolidated Gross Profit of $30.7M for Q1 increased 19% from prior year; Q1 Gross Margin decreased 70 bps to 33.1% • Service Gross Margin in Q1 increased 90 bps to 33.9%, reflecting the inherent operating leverage in our Service model, along with focus on operational excellence and maturing of new customer relationships • Distribution Gross Margin in Q1 of 31.4% decreased 380bps All figures are rounded to the nearest tenth of a million. Therefore, totals shown in graphs may not equal the sum of the segments. ($ in millions) 33.8% 33.1% $25.8 $30.7 Q4 FY25 Q4 FY26 Consolidated 35.2% 31.4% $9.6 $9.6 Q1 FY26 Q1 FY27 Distribution Segment 19%(0.6%)31%
6 Net Income, Diluted EPS, Adjusted Diluted EPS* • Q1 Adjusted Diluted EPS* of $0.51 vs $0.59 in the prior year quarter • Q1 Net Income of $1.3M reflects increased intangible asset amortization, stock-based compensation, interest expense and executive transition costs ($ in millions, except EPS) *See supplemental slides for a description of this non-GAAP financial measure, Adjusted Diluted EPS reconciliation and other important information regarding Adjusted Diluted EPS. $3.3 $1.3 Q1 FY26 Q1 FY27 Net Income $0.35 $0.14 Q1 FY26 Q1 FY27 Diluted EPS $0.59 $0.51 Q1 FY26 Q1 FY27 Adjusted Diluted EPS* (59%) (60%) (14%)
7 Adjusted Operating Income*, EBITDA*, and Margin • Consolidated Adjusted EBITDA* grew 19% in Q1; Q1 Adjusted EBITDA margin decreased 40bps to 15.0% • Service Segment Adjusted Operating Income* up 35% in Q1 • Distribution Segment Adjusted Operating Income* decreased 12% ($ in millions) * See supplemental slides for a description of these non-GAAP financial measures, reconciliations and other important information regarding non-GAAP measures. All figures are rounded to the nearest tenth of a million. Therefore, totals shown in graphs may not equal the sum of the segments. 14.6% 15.4% $7.2 $9.6 Q1 FY26 Q1 FY27 Service Adjusted Operating Income* 35% 15.4% 15.0% $11.8 $14.0 Q1 FY26 Q1 FY27 Consolidated Adjusted EBITDA* 18.1% 14.3% $4.9 $4.3 Q1 FY26 Q1 FY27 Distribution Adjusted Operating Income* (12%) 19%
8 Operating Free Cash Flow ** In addition to reporting net cash provided by operations, a U.S. generally accepted accounting principle (“GAAP”) measure, we present operating free cash flow (net cash provided by operations less capital expenditures), which is a non-GAAP measure. We believe operating free cash flow is an important liquidity measure that reflects the cash generated by the business, after the purchases of technology, capabilities and assets, that can then be used for, among other things, strategic acquisitions, investments in the business, and funding ongoing operations. Operating free cash flow is not a measure of financial performance under GAAP and is not calculated through the application of GAAP. As such, it should not be considered as a substitute or alternative for the GAAP measure of net cash provided by operations and, therefore, should not be used in isolation of, rather in conjunction with, the GAAP measure. Operating free cash flow, as presented, may produce results that vary from the GAAP measure and may not be comparable to a similarly defined non-GAAP measure used by other companies. • Operating Free Cash Flow** of $4.8M for Q1 reflects higher cash from operations and slightly lower capital expenditures • Capital expenditures of $4.0M primarily support continued investment in Service capabilities and rental pool assets Three Months Ended Note: Components may not add to totals due to rounding June 27, 2026 June 28, 2025 Net cash provided by operations $8.8 $3.6 Capital expenditures (CapEx) $(4.0) $(4.6) Operating free cash flow (FCF)** $4.8 ($1.0) ($ in millions)
9 Balance Sheet Supports Growth Strategy • 2.21x leverage ratio at quarter-end (Total debt to TTM Adjusted EBITDA*) • $39.6M available from credit facility at quarter-end * See supplemental slides for a description of the non-GAAP financial measures, the Adjusted EBITDA and net debt reconciliations and other important information regarding Adjusted EBITDA and net debt. ** In addition to reporting debt, a U.S. generally accepted accounting principle (“GAAP”) measure, we present net debt (debt less cash and cash equivalents), which is a non-GAAP measure. We believe net debt is an important measure of financial leverage. Net debt is not a measure of financial performance under GAAP and is not calculated through the application of GAAP. As such, it should not be considered as a substitute or alternative for the GAAP measure of debt and, therefore, should not be used in isolation of, rather in conjunction with, the GAAP measure. Net debt, as presented, may produce results that vary from the GAAP measure and may not be comparable to a similarly defined non-GAAP measure used by other companies. Capitalization Note: Components may not add to totals due to rounding June 27, 2026 March 28, 2026 Cash & Cash Equivalents $6.7 $4.9 Total Debt $110.4 $99.9 Total net debt** $103.7 $94.9 Shareholders’ equity $302.9 $300.6 Total capitalization $413.3 $400.5 Debt/total capitalization 26.7% 24.9% Net debt*/total capitalization 25.1% 23.7% ($ in millions)
10 • Outlook provided as of August 4, 2026 ** See supplemental slides for a description of this non-GAAP financial measure, Service Organic Revenue reconciliations and other important information regarding Service Organic Revenue. Outlook* 2027 Expectations Service segment: For the fiscal 2027 full year, we confidently expect Service organic revenue** growth in the high single-digits and Service gross margin expansion, assuming the broader economic environment remains stable Total Transcat: We expect the fiscal 2027 income tax rate to be in the range of 30%-32%. Mid-to-long Term Outlook • Consistent strong organic growth, operational excellence, and strategic acquisitions enables Transcat to keep gaining market share in the calibration services market and remains a centerpiece of our strategy • We have clear, measurable opportunities to build on our industry-leading organic and inorganic growth • The inherent operating leverage in our Service model, along with our focus on operational excellence and maturing of new customer relationships, continue to drive Service gross margin expansion • By relentlessly improving our customer-facing processes, deploying proven Lean Six Sigma tools, optimizing business mix and pricing, and applying AI to enhance productivity and customer solutions, we can activate repeatable levers to expand margins and strengthen the foundation for continued growth • Acquisitions that strengthen our fundamental value proposition will continue to be an important component of our go-forward strategy
11 Financial ResultsQ1 Fiscal 2027 NASDAQ: TRNS Questions & Answers TRANSCAT, INC 35 Vantage Point Drive Rochester, NY 14624 Investor Relations Chris Tyson Executive Vice President MZ Group - MZ North America 949-491-8235 TRNS@mzgroup.us August 4, 2026
12 Conference Call and Webcast Playback • Replay Number: 1-844-512-2921 (US & Canada) 1-412-317-6671 (international) passcode: 11161995 Telephone replay available through Tuesday, August 18, 2026 • Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1767397&tp_key=17aef9c35b • Webcast / Presentation / Replay available at https://www.transcat.com/investor-relations
13 Supplemental Information
14 Adjusted EBITDA* and Operating Income* Reconciliation In addition to reporting operating income and net income, U.S. generally accepted accounting principle (“GAAP”) measures, we present Adjusted Operating Income (operating income plus depreciation and amortization, non-cash compensation expense, acquisition related transaction expenses and executive transition costs) and Adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization, executive transition costs, acquisition related transaction expenses and non-cash stock compensation expense), which are non-GAAP measures. We believe Adjusted Operating Income and Adjusted EBITDA are important measures of our operating performance because they allow management, investors and others to evaluate and compare the performance of our core operations from period to period by removing the impact of the capital structure (interest), tangible and intangible asset base (depreciation and amortization), taxes, stock-based compensation expense, executive transition costs and other items, as applicable, which is not always commensurate with the reporting period in which it is included. As such, we use Adjusted EBITDA as a measure of performance and as a basis for planning and forecasting. We use Adjusted Operating Income as a measure of performance when evaluating our business segments. Adjusted Operating Income and Adjusted EBITDA are not measures of financial performance under GAAP and are not calculated through the application of GAAP. As such, these measures should not be considered as a substitute or alternative for the GAAP measures of operating income and net income and, therefore, should not be used in isolation of, rather in conjunction with, the GAAP measures. Adjusted Operating Income and Adjusted EBITDA, as presented, may produce results that vary from the GAAP measures and may not be comparable to similarly defined non-GAAP measures used by other companies. ($ in thousands) FY 2027 Q1 FY 2026 Q1 Net Income 1,331$ 3,261$ + Interest Expense, net 1,515 440 + Tax Provision 854 1,304 + Depreciation & Amortization 6,914 5,605 + Executive Transition Costs 736 - + Transaction Expense 628 28 + Noncash Stock Compensation 1,978 1,130 Adjusted EBITDA* 13,956$ 11,768$ ($ in thousands) FY 2027 Q1 FY 2026 Q1 Service Operating Income 2,280$ 2,566$ + Depreciation & Amortization 5,006 3,763 + Executive Transition Costs 491 - + Transaction Expense 524 28 + Noncash Stock Compensation 1,328 801 Service Adjusted Operating Income* 9,629$ 7,158$ Distribution Operating Income 1,439$ 2,772$ + Depreciation & Amortization 1,908 1,842 + Executive Transition Costs 245 - + Transaction Expense 104 - + Noncash Stock Compensation 650 329 Distribution Adjusted Operating Income* 4,346$ 4,943$
15 ($ in thousands) Adjusted Diluted EPS* Reconciliation In addition to reporting Earnings Per Share, a GAAP measure, we present Adjusted Diluted Earnings Per Share (net income plus acquisition related amortization expense, acquisition related transaction and integration expenses, executive transition costs and acquisition amortization of backlog divided by average diluted shares outstanding), which is a non-GAAP measure. Our management believes Adjusted Diluted EPS is an important measure of our operating performance because it provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted Diluted Earnings Per Share is not a measure of financial performance under GAAP and is not calculated through the application of GAAP. As such, it should not be considered as a substitute or alternative for the GAAP measure of Earnings Per Share and, therefore, should not be used in isolation of, but in conjunction with, the GAAP measure. Adjusted Diluted Earnings Per Share, as presented, may produce results that vary from the GAAP measure and may not be comparable to a similarly defined non- GAAP measure used by other companies. ($ in thousands except per share data) FY 27 Q1 FY 26 Q1 GAAP Net Income 1,331$ 3,261$ Add back (deduct) 3,521$ 2,263$ Amortization of Intangibles 3,598 2,844 Transaction Expense 628 28 Acq Stock Expense 186 145 Executive Transition Costs 736 - Income Tax Effect at 31.6% (1,627) (754) Non-GAAP adjusted net income 4,852$ 5,524$ Average diluted shares outstanding 9,473 9,389 Diluted income per share - GAAP 0.14$ 0.35$ Diluted income per share - Non-GAAP 0.51$ 0.59$
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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
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X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
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dei_LocalPhoneNumber
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
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Namespace Prefix:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
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Data Type:
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Balance Type:
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- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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